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Investing.com -- The UK’s Financial Conduct Authority (FCA) is exploring potential rule changes that would shorten the initial public offering process by approximately one week, according to a Bloomberg report published Friday.
The securities regulator is in early-stage discussions about modifying its current two-stage filing system for companies going public. Critics argue this existing system makes London IPOs more vulnerable to market fluctuations compared to deals on other European exchanges.
The contemplated changes are part of broader efforts to enhance London’s attractiveness as a capital markets hub. The potential reform would reverse rules implemented in 2018 that were originally designed to incorporate external research into IPOs and provide investors with more independent perspectives on companies entering the market.
The report added that the FCA has not established a timeline for the potential reform, and there is no certainty that the changes will ultimately be implemented.
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